PawnShop Myth 1

PawnShop Myths

1.  PawnShops- are shady and like to take stolen merchandise. 

Not true pawnshops take what customers bring in or how they acquire them is strictly on them. They ask for a valid I.D and they must sign a legally binding document. In which it lets them know when there items are going to be due which is a 4 month contract and they must pay interest at the end of the term. If they don't pick the items they become the pawnshops property. In the contract they sign they must also leave a fingerprint and each and every single contract goes out to the local police department. The police department is in charge of looking through the items that are taken in.